Win, Win, Win – OSG, OSP and Shareholders

That’s what can happen when one mixes up smart companies, independent Boards and informed shareholders, and it is what will finally happen in this close-knit deal.

Earlier this summer OSG indicated it would tender for OSG America LP (OSP) at $8. Then on August 27 they announced they expect to initiate that previous tender in September 2009.

That announcement follows OSP’s Conflicts Committee’s review of the $8 offer and its recommendation to OSG that it not proceed at the current level, but that if it did the Committee could only recommend to Unit holders that they reject the

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